Find a loan and apply online today.
Take advantage of our fair priced loan products. With no arrangement fees or penalties for early repayment, we have a range of affordable loans which are tailored to meet your needs.
We aim to provide loan decisions within two working days. As a responsible lender, we assess your credit score, income, expenses, and other factors to ensure any loan offered is suitable and manageable, supporting your financial well-being.
Payroll loans are only available when paying through payroll deduction from one of our payroll partners.
Further borrowing
Members can have two loans at any given time. If the member requires further finance one of the following must apply:
- 25% repaid on a flexi for a top up
- 6 months paid on welcome loan for 2nd loan
- Blend and extend on personal/payroll loan is 30% minimum repaid
- 25% repaid on a flexi for a top up
- 6 months paid on welcome loan for 2nd loan
- Blend and extend on personal/payroll loan is 30% minimum repaid
We don't offer
- Business Loans
- Joint applications
- Loans for a deposit on a house or flat
Applicants with the following will not be offered a loan:
- Bankruptcy Orders
- Debt Relief Orders
- Active IVA's
- CCJ's within the last 12 months
- A debt management plan
- Joint applications
- Loans for a deposit on a house or flat
Applicants with the following will not be offered a loan:
- Bankruptcy Orders
- Debt Relief Orders
- Active IVA's
- CCJ's within the last 12 months
- A debt management plan
The Payroll loan
For new & existing members
If you work for a South Bridge Trust payroll partner employer listed on the application form pick list.
- £500 – £15,000
- For loans between £10,000-£15,000 MUST be a homeowner
- Max loan term 60 months (5 yrs)
- (12.7% – 19.6% APR)
Personal loan
For existing members with 6 months savings
If you are an existing member with a 6 month or longer savings history but not employed by one of our partner employers.
- £500 – £7,500
- Max loan term – 60 months (5 yrs)
- (26.8% APR fixed)
Welcome loan
For new members only
If you do not work for a South Bridge Trust payroll partner, are not an existing member of the Credit Union, or are a member and have been saving for less than 6 months
- £500 – £1,500
- Max loan term – 36 month (3 yrs)
- (42.8% APR fixed)
Family loan
For new & existing members
If you are a new or existing member, and are willing to, or already, have your child benefits mandated into South Bridge Trust.
- £250 – £1,000
- Max loan term – 24 months (2 yrs)
- (42.6% APR fixed)
- Benefit must be mandated before loan is issued
Flexi loan
For existing members only
If you are an existing member with a 6 month or longer savings history and looking for a more flexible loan product.
- £500 – £2,000
- Max term – 24 months (2 yrs)
- (34.5% APR fixed)
- Top-up available when 25% repaid within a 2 year term
Select a product above to find out more
The Payroll loan
- £500 – £10,000
- Max loan term 60 months (5 yrs)
- (12.7% – 19.6% APR)
South Bridge Trust offers a Payroll Loan for new or existing members who work for our Payroll Partners only. This is a preferential rate as part of our employee benefit scheme
- You can borrow between £500 and £10,000.
- The interest rate is fixed from 1.5% per month, 19.6% (APR) – If you have a strong credit score you may be offered a lower rate of 12.7% or 16.1%
- This rate is fixed for the life of the loan so you know exactly what you will pay
- To qualify, you need to work for a company that partners with South Bridge Trust, and the company must be listed on the loan application form
TIP: Always consider the repayment as part of your monthly budget, but the shorter the term the less interest you pay!
As with all South Bridge Trust loans, there are no early repayment fees, and you only pay interest on the remaining balance. If you decide to repay the loan early you will save yourself some money.
Payroll Gold
- £500 – £15,000
- For loans between £10,000-£15,000 MUST be a homeowner
- Max loan term 60 months (5 yrs)
- (12.7% – 19.6% APR)
South Bridge Trust offers a Payroll Loan for new or existing members who work for our Payroll Partners only. This is the best rate South Bridge Trust offers as part of our employee benefit scheme
- You can borrow between £500 and £15,000.
- The interest rate is fixed at 1% per month. For applicants with a strong enough credit score, applicants may still be offered a loan at 16.2% or 19.6%APR.
- To qualify, you need to work for a company that partners with South Bridge Trust, and the company must be listed on the loan application form
- Loan applications for members over £10k are for homeowners only
- This includes any borrowing from an existing loan and new loan totalling over £10K
TIP: Always consider the repayment as part of your monthly budget, but the shorter the term the less interest you pay!
Affordability will always consider total borrowing. This includes loan balances already on file as well as the new amounts requested
As with all South Bridge Trust loans, there are no early repayment fees, and you only pay interest on the remaining balance. If you decide to repay the loan early you will save yourself some money.
Personal loan
- £500 – £7,500
- Max loan term – 60 months (5 yrs)
- (26.8% APR fixed)
South Bridge Trust offers a Personal Loan specifically for existing members with a 6-month savings history who don’t work for a partner employer.
- You can borrow between £500 and £7,500, with an interest rate of 2% per month, which works out to an APR of 26.8%.
- The loan can be repaid over a flexible term of 1 to 5 years (12 to 60 months).
- The repayments for the loan will be taken via direct debit and you can save alongside those repayments.
TIP: Always consider the repayment as part of your monthly budget, but the shorter the term the less interest you pay!
As with all South Bridge Trust loans, there are no early repayment fees, and you only pay interest on the remaining balance. If you decide to repay the loan early you will save yourself some money.
Welcome loan
- £500 – £1,500
- Max loan term – 36 month (3 yrs)
- (42.8% APR fixed)
South Bridge Trust offers the Welcome Loan for individuals who aren’t existing members and don’t work for a South Bridge Trust payroll partner.
- You can borrow between £500 and £1,500, with an interest rate of 3% per month, which equals an APR of 42.6%.
- You can make repayments for this loan via direct debit
- The loan can be repaid over a maximum term of 3 years.
TIP: Always consider the repayment as part of your monthly budget, but the shorter the term the less interest you pay!
If you demonstrate a good repayment history on this loan, then after 6 months you will qualify for out lower rate loans which will support you with your finances in the long term.
As with all South Bridge Trust loans, there are no early repayment fees, and you only pay interest on the remaining balance. If you decide to repay the loan early you will save yourself some money.
Family loan
- £250 – £1,000
- Max loan term – 24 months (2 yrs)
- (42.6% APR fixed)
- Benefit must be mandated before loan is issued
South Bridge Trust’s Family Loan is designed for new members seeking a convenient borrowing option. This loan is aimed at those who may have a weaker credit history and are looking to re-build their score.
- You can borrow between £250 – £1,000, and the loan can be easily repaid using child benefits.
- The maximum term for this loan is 2 years (24 months).
- Your benefit must be mandated into the credit union and the first repayment cleared before we can issue the funds.
- The interest rate for this loan is fixed at 3% per month which has a 42.6% APR.
TIP: Always consider the repayment as part of your monthly budget, but the shorter the term the less interest you pay!
If you demonstrate a good repayment history on this loan, then after 6 months you will qualify for out lower rate loans which will support you in the long term
As with all South Bridge Trust loans, there are no early repayment fees, and you only pay interest on the remaining balance. If you decide to repay the loan early you will save yourself some money.
Flexi loan
- £500 – £2,000
- Max term – 24 months (2 yrs)
- (34.5% APR fixed)
- Top-up available when 25% repaid within a 2 year term
South Bridge Trust offers a Flexi Loan for existing members who want a more flexible borrowing option.
- You can borrow between £500 and £2,000, with an interest rate of 2.5% per month, which equals an APR of 34.5%.
- Access to the facility is over 2 years, and once you’ve paid back 25% of the loan, you have the option to “top-up” your loan back to the original amount.
- A same day top-up is easy and can be done over the phone, no need to re-apply. Perfect for those emergency situations.
- The flexi loan can run alongside a standard loan so you get the best of both worlds!
TIP: Always consider the repayment as part of your monthly budget, but the shorter the term the less interest you pay!
When the Flexi loan has expired after 2 years or you wish to increase your limit (up to the maximum of £2000), a new application is required to assess your circumstances
As with all South Bridge Trust loans, there are no early repayment fees, and you only pay interest on the remaining balance. If you decide to repay the loan early you will save yourself some money.